A Morgan Stanley managing director ended up in prison for committing substantial Foreign Corrupt Practices Act (FCPA) violations, but the strength of the company’s compliance program helped it avoid enforcement actions from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

The Federal Trade Commission’s (FTC) general counsel, Willard Tom, has stepped down from his post in order to return to work in the private sector, according to an announcement made by FTC chairman Jon Leibowitz.